Domestic Wheat Outlook: Year-to-year by-class Comparisons
Projected supplies of HRW, HRS, and durum are down year to year for 2011/12, mostly because of lower production. SRW and white wheat supplies are up from 2010/11, especially SRW because of the recovery of production from the previous year. Projected 2011/12 carryin stocks were nearly unchanged for HRW, white, and durum, but sharply lower for HRS and SRW.
Domestic use is up year to year for HRW, SRW, and white, but down for the other two classes. Projected exports are significantly lower for HRW, HRS, and durum.
Projected ending stocks for 2011/12 are down year to year for HRW, HRS, and durum, but up for SRW and white. The year-to-year percentage decrease in all-wheat ending stocks is 12 percent. HRW and durum projected ending stocks are down the most, 30 percent and 22 percent, respectively. HRS ending stocks are expected down 15 percent. SRW and white ending stocks are expected up 16 percent and 25 percent, respectively.
Source: USDA-ERS Wheat Outlook (9/14/2011)
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